Citigroup Inc. Takes $1.33 Million Position in ProShares UltraPro QQQ (TQQQ)
Citigroup Inc. bought a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, Holdings Channel reports. The firm bought 36,000 shares of the exchange traded fund’s stock, valued at approximately $1,334,000.
Several other large investors have also bought and sold shares of the stock. Redhawk Wealth Advisors Inc. acquired a new position in ProShares UltraPro QQQ in the 3rd quarter worth $285,000. Virtu Financial LLC acquired a new position in ProShares UltraPro QQQ in the 4th quarter worth $1,003,000. Morgan Stanley lifted its holdings in ProShares UltraPro QQQ by 36.4% in the 3rd quarter. Morgan Stanley now owns 500,189 shares of the exchange traded fund’s stock worth $35,584,000 after buying an additional 133,356 shares in the last quarter. First Midwest Bank Trust Division acquired a new position in ProShares UltraPro QQQ in the 4th quarter worth $350,000. Finally, Tower Research Capital LLC TRC lifted its holdings in ProShares UltraPro QQQ by 203.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 140,608 shares of the exchange traded fund’s stock worth $10,003,000 after buying an additional 94,227 shares in the last quarter.
Shares of TQQQ stock opened at $55.32 on Friday. ProShares UltraPro QQQ has a 12 month low of $30.32 and a 12 month high of $73.36.
ProShares UltraPro QQQ Company Profile
Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments.
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